In many cases, especially where the IRA LLC is used as a holding company for real estate and other investments that could just be split amongst multiple IRA LLCs and is not truly an operating business, forming new LLCs would be the solution around the code -- inconvenient, costly, and possibly resulting in lots of additional 990Ts to process, but it wouldn't change the investments being made or made the underlying investment transactions executed any more of a prohibited transaction.

It has great info about developing systems that you can train your employee(s) to execute in a way that sets clear expectations of results and accountability.

Not 100% sure, but my understanding is if your lease, 1 year max, was executed prior to foreclosure filing, it is valid, as to a third party purchaser.

but execute what you learn, or else you'll just be buying books, seminar.

I have walked in repos and seen the blue ski above and the dirt below because the plywood had been removed.Spending time to research the loan holder would really add to the lost time and money in my viewpoint.I have found a better use of my time is to develop a good relationship with the top executives at key banks.

You can increase the numbers to this particular campaign or maybe try other 1 or 2, I think 2 - 3 fully executed and tracked campaigns its a healthy number.

If you have a fully executed purchase contract, you have a legal right to protect your interest in the property.

So my goal right now is to learn a little more, make some connections, and develop my plan over the next 2 weeks and then execute my plan by locating and finding my first property and just get started.I am looking forward to connecting, learning, and contributing to this great group and profession.Thanks,Jeff

Vacancy rates, which I've verified through multiple sources (state and local reports, real estate professionals, city staff) and know firsthand, because I've lived in the area for 35 years (many of those as a renter), are 3-4%.

Look forward to meeting you at a reia meeting or you can always come visit me and my staff at our office in Bourne MA.